to be that places like stockton, san bernardino, may look back at their pensioners, their obligations to city workers in a way that they might not have before? >> well, every city has its own circumstance. what was striking in detroit, and i don't know if this is the case in california, is that in michigan, the state constitution guarantees pension. this in my view was a striking ruling. the constitution is a creation of the state. it says pensions should not be cut yet the creation of the state, the city goes into court and goes through a process that is almost certain to cutting pensions. to my view that's strange and strong court ruling. if you could do it even in spite of the state constitution, i gather some other cities may look that way. there are reasons that you don't want to cut workers' pensions.